Some european nations have experienced a debt crisis. what caused this crisis?
a. unscrupulou...
Social Studies, 27.09.2019 01:30 josegalvan123jg69
Some european nations have experienced a debt crisis. what caused this crisis?
a. unscrupulous national leaders embezzled money from the treasuries of some european countries.
b. too many recent immigrants in some nations have drained these countriesâ resources.
c. the interest rate on bonds dropped so low during times of economic austerity that some nations could not earn enough interest on money they lent to investors.
d. during times of economic prosperity, some nations borrowed more money than they can pay back now in times of economic hardship.
Answers: 1
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